NFT on LN is also a failure.. again the proof of ownership /transfer lacks. yep you cant prove ownership in LN
there is a major point of blockchain.. its not just data store, its also the proof that cannot be edited of ownership and transfer
there was a big problem cypherpunks were hitting their heads against for decades before bitcoin was invented. and seems the ordinal adoration brigade and LN supporters do not recognise bitcoin and blockchain purpose.
You make me laugh, franky. How did
LN+NFT come into the debate?
casey can change which output his ordinal process follows, without messing with data. because his "transfer"(lack of) of such is not dependant on bitcoin code or cryptography or proof in hard data within the outputs to milestone the movements.. meaning that his ordinals do not use the blockchain function of proving the transfer in an uneditable way
there are ways to prove it but casey is not using it, so its a double fail
Are there more technical users in the topic who can ELI-5 for stupid non-technical people like me?
but the fact that he and his fans adore using blockchain as just a dead weight data store. is the facepalming part. those memes have no value, have no true ownership control and thus are just a waste of space done purely to force everyone else to pay more just to reliably stay in mempools long enough for mining pools to pick up and add to blocks
adding bloat to reduce the number of transactions that fit then charging more per transaction is the complete opposite of an efficient payment system and those idiots who love doing this are the ones that dont care about bitcoin. and yes ordinals is an attack because it uses a crappy cludgy backdoor to be added into bitcoin blocks without being verified as data fit for bitcoins purpose
I agree that it's adding more useless bloat. I agree that those memes, dick pics, and fart sounds should not be in the Bitcoin blockchain. I agree that Ordinals can be used as another attack vector. BUT what I can't agree with are people saying, "Ordinals is an attack/exploit".
Be reminded that Ordinals, from the Bitcoin protocol's viewpoint, are valid transactions that follow the consensus rules. You may have your opinions, but you can't misinform the community with what's simply isn't true.
bitcoin. binary data. numbers. math does not count sats the way you think casey prescribes
economics logic, math, common sense shows different to what casey says.. its not a franky opinion. its a data fact you can research and see
casey project of adding in means into the dead weight area of a transaction uses a trojan exploit of an opcode to just auto treat as accepted without validating it to any protocol format if requirement. its blindly passed rather than having to meet a requirement
for instance a legacy signatures have to meet requirements such as length limit. such as having a relationship to an input and the message hash calculations of signature proofs etc. a meme does not need to meet any format or standard or requirement its just blindly let passed due to an exploit